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Old 01-23-2018, 10:49 AM
Status: "delete" (set 22 days ago)
 
3,189 posts, read 1,275,587 times
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https://www.cnbc.com/2017/10/24/petr...contracts.html

https://www.cnbc.com/2017/10/11/chin...us-dollar.html

"In recent years, several nations opposed to the dollar being the world's reserve currency have progressively sought to try and abandon it.

For instance, Russia and China have sought to operate in a non-dollar environment when trading oil. Both countries have also increased their efforts to mine and acquire physical gold if, or perhaps when, the dollar collapses.

OPEC kingpin Saudi Arabia is at the crux of the petrodollar."

How MUCH THEM CHINESE SECURITIES PAYIN????

4%.

I'll take IT!

Hmmmmmmmmmm.

Let me think about this for a minute. So what happens US dollar demand in the near term?

Well, REMEMBER, central banks are going to reduce their balance sheets as well in 2018 "allegedly".

https://www.bloomberg.com/view/artic...ear-mark-grant

That means there will be a capital flight from US, prob forcing the FED to buy into US equities.

REKT.
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Old 01-23-2018, 11:04 AM
Status: "delete" (set 22 days ago)
 
3,189 posts, read 1,275,587 times
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Alright, short summary of what this means.

You know all the people on disability? Like that guy that's collecting 100% for insomnia?

Yeah, that guy. REKT.

What about other social welfare programs? REKT.

What about the future? REKT.

Why? Because how is the BIG GOV gonna fund anything when nobody is buying our treasuries?

REKT.
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Old 01-23-2018, 11:15 AM
 
Location: Prepperland
13,117 posts, read 9,205,456 times
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There have been NO DOLLARS in circulation since 1933.
A dollar bill is not a dollar. (See Title 12 USC Sec. 411)
A unit dollar is a silver coin. (See Coinage Act of 1792, et seq)
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Old 01-23-2018, 11:20 AM
Status: "delete" (set 22 days ago)
 
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Is 2018 the YEAR of Gold?
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Old 01-23-2018, 11:45 AM
 
Location: The Triad (NC)
26,855 posts, read 57,874,473 times
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Quote:
Originally Posted by Jobster View Post
The last time this came up in a serious way... the US declared war on Iraq.
(and that ws just switching to the Euro)
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Old 01-23-2018, 11:55 AM
Status: "delete" (set 22 days ago)
 
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Quote:
Originally Posted by MrRational View Post
The last time this came up in a serious way... the US declared war on Iraq.
(and that ws just switching to the Euro)
Either way, it seems to be bullish news for gold:

1) China using gold-backed futures to purchase oil.
2) As you said, the prospect of war.

Of course, this has much wider implications than a few people making money on gold, but just a thought I had.
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Old 01-23-2018, 12:04 PM
 
3,530 posts, read 2,173,975 times
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It's hard to see why we should worry very much about the dollar being a reserve currency, or care overmuch about losing that status. What is the benefit of a bunch of foreigners having stacks of dollar bills in their closets? If they all set their dollar bill reserves on fire overnight, what would that mean for our economy? Precious little.
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Old 01-23-2018, 12:14 PM
Status: "delete" (set 22 days ago)
 
3,189 posts, read 1,275,587 times
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Quote:
Originally Posted by FrankMiller View Post
It's hard to see why we should worry very much about the dollar being a reserve currency, or care overmuch about losing that status. What is the benefit of a bunch of foreigners having stacks of dollar bills in their closets? If they all set their dollar bill reserves on fire overnight, what would that mean for our economy? Precious little.
Well, it would be highly inflationary for the USD. When countries purchase our securities and/or demand dollars, it raises the value of the dollar.

Without that demand, no one will want the dollar. That means, all the proposed spending programs that the government institutes will be impossible to carry out.

Nobody around the world will want dollars.

This wouldn't be a problem if the US was 100% self-sufficient and decentralized, but it's a bit too late for that, don't you think?

There was no national agenda. We are too divided. It's too late to do anything substantial now. I'm sure it will take a long time though before it happens.

Maybe a decade?

I don't really know. No idea on the timing, but this does confirm that this will happen, unless you believe the lies about the US overtaking Saudi Arabia and becoming the world's biggest oil producer for YEARS to come.

Although Saudi Arabia's reserves are drained anyway. Why else do you think there is PANIC going on in the royal kingdom?

Oh, you didn't know?

https://www.theguardian.com/business...ated-wikileaks

I could be wrong, but most of the time when people start getting mad it's because of money.

New oil kingdom is central Asia and Eastern Russia.

New oil kingdom customer is China.
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Old 01-23-2018, 12:43 PM
 
3,530 posts, read 2,173,975 times
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Quote:
Originally Posted by Jobster View Post
Well, it would be highly inflationary for the USD. When countries purchase our securities and/or demand dollars, it raises the value of the dollar.
So the Fed will have to raise rates. Not a big deal. It's deflation that's difficult to address; monetary inflation is basically not a problem with a central bank.
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Old 01-23-2018, 01:01 PM
 
64,629 posts, read 66,129,695 times
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the fed raising rates is no guarantee investors will raise rates on the bond side of things . yield curves can just flatten and invert .
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